Discussion:
Your President Bush saved the American Auto industry
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The Great Trump
2016-12-11 19:54:07 UTC
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http://www.politifact.com/truth-o-meter/article/2012/sep/06/did-obama-save-us-automobile-industry/

President George W. Bush. Dr. James Rubenstein at Miami University co-wrote
a post-bankruptcy assessment for the Federal Reserve Bank of Chicago.
Rubenstein said no one should overlook the importance of Bush's decision to
use $17.6 billion in TARP money in December 2008 to keep General Motors and
Chrysler afloat.

"The Bush Administration provided short-term bridge loans," Rubenstein said.
"That allowed the Obama Administration to take a couple of months to assess
the situation."

Aaron Bragman, the lead American automotive analyst for the financial
forecasting group IHS Automotive, echoed the point. "The Bush administration
is the one that actually acted to save them from an uncontrolled bankruptcy
and shutdown," Bragman said. "The Obama administration's role was to fix
them."
Marcus
2016-12-19 01:21:40 UTC
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Post by The Great Trump
http://www.politifact.com/truth-o-meter/article/2012/sep/06/did-obama-save-us-automobile-industry/
a post-bankruptcy assessment for the Federal Reserve Bank of Chicago.
Rubenstein said no one should overlook the importance of Bush's decision to
use $17.6 billion in TARP money in December 2008 to keep General Motors and
Chrysler afloat.
"The Bush Administration provided short-term bridge loans," Rubenstein said.
"That allowed the Obama Administration to take a couple of months to assess
the situation."
Aaron Bragman, the lead American automotive analyst for the financial
forecasting group IHS Automotive, echoed the point. "The Bush administration
is the one that actually acted to save them from an uncontrolled bankruptcy
and shutdown," Bragman said. "The Obama administration's role was to fix
them."
Yes, that's right, the Bush Administration, which caused the 2008 Depression, gave out the TARP money willy-nilly without setting up timetables for repayments. Obama fixed that.
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